Review of SMM Aluminum Bar Trading Day on April 8, 2020

SMM4, 8 March:

Spot base prices fell and aluminum bar processing fees rose. Foshan area aluminum bar processing fee Φ 90 quoted 770-810 average price 790, Φ 120 quoted 750-790 average price 770, Φ 178 quoted 750-790, average price 770; Wuxi aluminum bar processing fee Φ 90 quoted 570610 average price 590, Φ 120 quoted 540580 average price 560, Φ 178 quoted 540580, average price 560. Guangdong and Shanghai aluminum prices stop rising and falling, Foshan area processing fee increase is obvious, the mainstream quotation range up to 750-850 yuan / ton, the market circulation supply is relatively small, the downstream continues to need replenishment, the transaction is OK; Wuxi processing fees rose slightly, the mainstream price rose to 550-650 yuan / ton range, the supply of goods in East China is relatively abundant, trading is weak.

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